Finitary Probabilistic Methods in Econophysics

Book Description

Econophysics applies the methodology of to the study of . However, whilst physicists have good understanding of statistical , they may be unfamiliar with recent advances in statistical conjectures, including Bayesian and predictive methods. Equally, economists with knowledge of probabilities do not have a background in statistical and agent-based . Proposing a unified view for a probabilistic approach, this book is useful for advanced undergraduate and graduate students as well as researchers in physics, economics and finance. The book takes a finitary approach to the subject; discussing the essentials of applied probability, and covering finite Markov chain and its applications to real . Each chapter ends with a summary, suggestions for further reading, and exercises with solutions at the end of the book.

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